Word: turkishly
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...Known as "La Diva Turca" throughout her more than 70 roles at Italy's La Scala opera house, Turkish soprano Leyla Gencer won a reputation for both her beautiful voice and her imperious personality. Critics were wowed by her inspired performances in everything from Madame Butterfly to Don Giovanni. Offstage, Gencer was unabashed about her domineering manner, explaining simply, "I say what I think...
Despite the backing of the U.S., Western Europe and Arab states like Saudi Arabia, Siniora barely clings to power from his official residence and office in the Grand Serail, a former Turkish fortress surrounded by rings of barbed wire and riot police. But it is Hizballah's fire-breathing leader, Sheik Hassan Nasrallah, who's calling the shots...
...Turkish banks have been particularly attractive to outside investors. Citigroup last year bought a 20% stake in Akbank (for $3 billion). "The foreign appetite for Turkish companies and stocks is high," said Hakan Avci, director of asset management at the Istanbul office of Raymond James Securities, a U.S. company, before the recent political blowup. In the past 18 months, Lehman Bros., Morgan Stanley and Credit Suisse bought local brokerages in the country. Avci has since lowered his projections because of the political turmoil but says he is "optimistic that this crisis will be overcome and a solution found." The Turkish...
...over. The graceful domes and minarets of Istanbul and other cities are being augmented by a thicket of building cranes, and futuristic shopping malls are competing for space among the red-tiled roofs. Analyst Roger Barris at Merrill Lynch predicts that outsiders will pour more than $15 billion into Turkish real estate in the next five years. Turkish coffee may be famous, but Turkey is now one of Starbucks' fastest-growing markets...
...Turkish businesses, meanwhile, invested $28 billion in Russia last year, up from $15 billion in 2005. They are poised to take advantage of the $1 trillion that Russia says it will spend on infrastructure by 2020. And while Turkey refused to permit U.S. troops to invade neighboring Iraq from its territory in 2003, Turkish construction and retail companies have since invested up to $10 billion in the war-torn country...